Xiao-I Intends To Change Ratio Of Its American Depositary Shares To Its Ordinary Shares From One To One-Third To New ADS Ratio Of 1-To-60, Effective Around May 11

Xiao-I Corporation ("Xiao-I" or the "Company") (NASDAQ:AIXI), a leading artificial intelligence company, today announced that it plans to change the ratio of its American Depositary Shares (the "ADSs") to its ordinary shares (the "ADS Ratio"), par value US$0.00005 per share, from the current ADS Ratio of one ADS to one-third of an ordinary share to a new ADS Ratio of one ADS to 60 ordinary shares.